Banner Capital Forms Seaway Group to Buy Three Medical Device Manufacturers
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Salt Lake City – October 01, 2026 -- Banner Capital has formed Seaway Group and signed a definitive agreement to acquire three medical device manufacturing businesses -- Seaway Plastics Engineering, MME Group and Wright Engineered Plastics -- in a transaction expected to close in the fourth quarter of 2026, subject to customary closing conditions.
Seaway Group becomes the third platform in Banner Capital Fund II
The deal follows Banner Capital's prior platform launches of Western Pavement Services and Roof Restoration Group, extending the Salt Lake City-based private equity firm's push into essential, founder-led businesses beyond its traditional commercial-services focus.